Short Interest in Next Technology Holding Inc. (NASDAQ:NXTT) Increases By 127.9%

by · The Cerbat Gem

Next Technology Holding Inc. (NASDAQ:NXTT – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 33,612 shares, an increase of 127.9% from the December 15th total of 14,747 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 37,263 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 37,263 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.5% of the company’s stock are short sold.

Next Technology Stock Down 2.1%

Shares of NXTT traded down $0.15 during trading on Friday, reaching $6.95. The company’s stock had a trading volume of 21,817 shares, compared to its average volume of 258,651. The company has a market cap of $19.92 million, a price-to-earnings ratio of 0.15 and a beta of 7.17. The company has a fifty day moving average of $8.59 and a two-hundred day moving average of $129.59. Next Technology has a twelve month low of $5.80 and a twelve month high of $960.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NXTT. BNP Paribas Financial Markets bought a new position in shares of Next Technology during the third quarter worth about $42,000. Tower Research Capital LLC TRC bought a new position in Next Technology during the 2nd quarter worth approximately $92,000. Vident Advisory LLC bought a new position in Next Technology during the 2nd quarter worth approximately $124,000. Qube Research & Technologies Ltd acquired a new position in shares of Next Technology in the 2nd quarter worth approximately $32,000. Finally, Invesco Ltd. bought a new stake in shares of Next Technology in the 2nd quarter valued at approximately $788,000. 2.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Next Technology in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Next Technology from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on NXTT

Next Technology Company Profile

(Get Free Report)

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.

See Also